Thank you very much, Madam Chair.
Good morning to all the witnesses.
Ms. Hogan, it is a pleasure to see you appear before the committee again.
My questions are about the relationship between the.... Perhaps I should say it in English.
My questions concern the financial accountability of the recipient of the loans to the department and the relationship between that and falling into default or being delinquent on their loans.
If we look at recommendation 2.35, I know the Auditor General indicated the following:
To prompt borrowers to be more diligent about repaying their student debt, Employment and Social Development Canada should inform credit bureaus about student debts in default.
Madam Hogan, are a lot of students defaulting on their debts?
I'm just thinking back to the time when I was young and I wasn't perhaps the most responsibly financial person there is. Would you find that there would be a better solution than reporting them to the credit bureau, which would, of course, put a stain on their credit record, which can carry forward, just as they're starting in life and their careers?